Gametech UK Limited (08783587): administration
- Status
- Administration ended
- Administration began
- 2017-04-12
- Administrators
- Gary Paul Shankland, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Formerly
- Gametech Limited; Nenx Limited
- Incorporated
- 2013-11-20
- Location
- London
- Industry
- 92000 Gambling and betting activities
Why it went into administration
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
Background & Group Structure
The Company commenced trading in November 2013, developing and then launching an online mobile gaming business. The Company specialised in developing mobile applications, which provided a platform for betting on fluctuations of currency and equity markets. The Company traded from leasehold premises at The Plaza, 535 King Road, London, SW10 OSZ, and prior to a recent restructuring employed 25 software developers, finance and administrative staff. The Company was licensed by the UK Gambling Commission to carry out licensed gaming activity. The Company had interests in two wholly owned subsidiaries, Dito Limited and Gametech (Cyprus) Limited.
Financial Intormation
Administrators' statement of proposals (2017-06-06) · Companies House register